Technical analysis for Pi Network (PI)
Pi Network (PI) is a cryptocurrency focused on mobile mining, and the open mainnet was launched in February 2025, allowing it to be traded on platforms like OKX, Gate.io, and MEXC. However, the coin faces significant challenges in liquidity and adoption, with current technical analysis focusing on a long-term bearish trend. Based on recent data up to August 31, 2025, here's a detailed analysis:
Current price and overall performance:
• Current price: PI is trading at around $0.38, with a slight increase of 0.3% in the last 24 hours, but it has declined by 6.8% in the past week. This puts it down 88.5% from its all-time high (ATH) of $2.98 in February 2025, and up 3.6% from its all-time low (ATL) of $0.335 in August 2025.
• Market Cap: around $2.94 billion, placing it in the 47-52 range among cryptocurrencies.
• Trading volume: decreased by 25.5% to $31.5 million in the last 24 hours, indicating weak market interest and low liquidity, especially with the upcoming unlock of 161.73 million tokens in September 2025, which may increase selling pressure.
Main technical indicators (based on daily and weekly charts):
• Moving averages (EMAs/SMAs):
◦ 20-day EMA: $0.3881 (bearish).
◦ 50-day EMA: $0.4380 (bearish).
◦ 200-day EMA: $0.5564 (bearish).
◦ The price is trading below all major moving averages, confirming a strong bearish trend. This bearish EMA stack indicates weak bullish momentum, and any short-term increase may just be a temporary correction.
• Relative Strength Index (RSI): around 36.7-43 (neutral to oversold). On the weekly chart, it approaches 30, indicating a potential short-term bounce if it exceeds 50. However, on the daily chart, a slight bullish divergence in MACD suggests a potential reversal if volume increases.
• MACD (Moving Average Convergence Divergence): the signal line is bearish, with a recent negative crossover, but it approaches the zero line, indicating a potential bullish crossover if support holds at $0.33.
• Chart patterns:
◦ Descending Channel: The price has been within a descending channel since June 2025, testing the lower support ($0.33-0.34) three times, forming a potential triple bottom pattern. If this pattern holds, it could lead to a bullish breakout towards $0.85 (targeting a 163% increase).
◦ Falling Wedge: On the daily chart, it shows a potential bullish pattern if it breaks resistance at $0.38-0.40, with an initial target of $0.50.
◦ Key support: $0.33-0.34 (psychological level and August low), then $0.30-0.32 if it breaks.
◦ Key resistance: $0.38-0.40 (nearby), then $0.43-0.46 (previous sell zone), and $0.50 (psychological level).
• Volatility: Currently low (ATR around 0.015), indicating consolidation before a significant move. Low volume increases the risk of a collapse if demand does not rise.
• Correlations: PI is positively correlated with Bitcoin (BTC) at -0.098 with major coins, meaning that stability of BTC above $108,000 may support PI, but any decline in BTC (like the recent one) puts pressure on it.
Fundamental factors influencing:
• Positives: Pi Labs announced a $20 million investment in smart robots in August 2025, and integration of Stellar Protocol 23 to enhance compatibility with Web3. The network upgrade (v23.01) in September includes 200% token lock incentives to boost mining and the launch of Linux Node contracts to improve security. The addition of Valour ETP in Europe (AUM $947 million) enhances institutional confidence, and there are hints of listings on Coinbase or Binance.
• Negatives: Delay in KYC migration (over 19 million potential users), and a large token unlock (161.73 million in September) increases selling pressure. The network is still partially centralized (the core team controls the nodes), and actual adoption rates are low despite 50 million users. Market sentiment (Fear & Greed Index: 39 - Fear) is bearish, with a focus on liquidity weaknesses.
General price forecasts for 2025:
Based on analyses from multiple sources (such as CoinCodex, CoinDCX, and Coinpedia), the average for 2025 is expected to be between $0.30-0.47 in a bearish scenario, and $0.45-0.74 in a bullish scenario, with the potential to reach $1.74 if upgrades and listings succeed. The annual average is around $0.35-0.43, with a risk of dropping to $0.27 if support fails.
Trading recommendations for this week (September 1-7, 2025)
Based on technical and fundamental analysis, the market is short-term bearish, but there are signals for a potential bounce due to the upcoming upgrade (v23.01 on September 3) and increasing volume. Be cautious due to the unlock in September, which may lead to additional selling. This is not financial advice; do your own research and consult a professional.
• Bullish scenario (40% probability): If support holds at $0.33-0.34 and breaks $0.38 with increased volume (above $30 million daily), buy for a rebound towards $0.40-0.43. Short-term target: $0.46 (previous resistance). Use stop-loss at $0.32. This is supported by bullish MACD divergence and oversold RSI, especially if new listings are announced or upgrades succeed.
• Bearish scenario (60% probability): If support at $0.33 fails (with BTC drop or sell-off from unlock), sell or short towards $0.30-0.32. Target: $0.27 (CoinCodex's forecast for September). Take-profit at $0.35 if it bounces. Pressure from open tokens and low volume supports this.
• General strategy:
◦ For beginners: Wait for a clear breakout above $0.40 before buying, or buy at support with low risk (not exceeding 1-2% of capital).
◦ For advanced traders: Watch the hourly chart for a breakout from the triple bottom pattern. Use tools like RSI for entry, and avoid trading if volume is low.
◦ Risks: High volatility (could reach 6.19% daily), BTC impact, and regulatory delays. Do not invest more than you can afford to lose, and keep up with official network updates.
In conclusion, PI looks weak currently but has the potential for a short-term bounce if upgrades succeed. Watch support at $0.33 as key for the week. For more details, check the charts on CoinGecko or TradingView.